Tag Archives: foreclosure prevention

The New York Times on Monday ran a piece by Yves Smith that unfortunately tells only a small part of the story when it comes to mortgages.

For example, Smith neglects to explain that, while the vast majority of homeowners in the United States are current on their mortgages, the foreclosures he rails against are happening to people who have not made any monthly payments for as long as two years. Continue reading →

What is responsible for the current mortgage situation? As this Financial Times article points out, “Homeowners with little equity are more than twice as likely to fall behind on mortgage payments than those who put down at least a quarter of the purchase price.” Continue reading →